The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used 33 comma 000 Actual rate per hour $ 22.00 Standard rate per hour $ 16.75 Standard hours for units produced 32 comma 500 How much is the direct labor rate variance?

$173,250  (Adverse or unfavorable)

Explanation:

The direct labor rate variance is the difference between the actual cost of direct labor and the standard cost of direct labor used up by an entity during a given period.

When the Actual labor cost is more than the standard, we have an adverse or unfavorable variance and vice versa.

It is given as

Direct labor rate variance

= Actual hours (Actual rate - standard rate)

=33,000(22 - 16.75)

= $173,250  (Adverse or unfavorable)

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o